Cost Accounting
A branch of accounting focused on recording, analysing, and controlling costs of production or operations. It helps management identify cost drivers, assess profitability by product or service, and make informed pricing and budgeting decisions.
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Capital
Capital refers to the funds or assets invested in a business by its owners or shareholders. It includes both cash…
Controlling Interest
Controlling interest in the ownership of more than 50% of a company’s voting shares, giving the holder authority to make…
Conservatism Principle
An accounting concept requiring that potential losses be recognised immediately, but gains only when realised. It ensures financial statements are…
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